Take-up

For prime mid-box units in Newcastle, transactional activity in 2026 YTD totalled 368,000 sq ft across six transactions, down 14% year-on-year. Despite no transactions in Q3 2026, there is 106,000 sq ft under offer. Across the size bands, units between 40,000–60,000 sq ft accounted for 45% of take-up, and 60,000–80,000 sq ft accounted for 55%. There were no transactions between 20,000–40,000 sq ft and between 80,000–100,000 sq ft in 2026 YTD.

Occupier Sector Take-up

By occupier sector, the transactional activity came from three main sectors: third-party logistics, accounting for 33%; manufacturing companies, accounting for 15%; and wholesalers, accounting for 18%.

Supply

The current availability stands at 815,000 sq ft across 13 units. This is unchanged quarter-on-quarter and is down by 9% year-on-year. The majority of available space is for units between 60,000–80,000 sq ft.

By size band for units between 20,000–40,000 sq ft, available supply totals 37,000 sq ft, followed by units between 40,000–60,000 sq ft at 249,000 sq ft, 60,000–80,000 sq ft at 345,000 sq ft and 80,000–100,000 sq ft at 182,500 sq ft.

Speculative Pipeline

There is 75,000 sq ft currently under construction across two units. Both units are between 20,000–40,000 sq ft.

In Q3 2026, there were no speculative announcements or speculative completions. Both units under construction will be reaching practical completion in Q4 2026.

Years of Supply

Across Newcastle, there is 1.47 years of supply based on the three-year average annual take-up. By size band, there are 0.23 years of supply in the 20,000–40,000 sq ft range, 1.70 years of supply in the 40,000–60,000 sq ft range, 1.84 years in the 60,000–80,000 sq ft range and 3.14 years of supply in the 80,000–100,000 sq ft range.

Quoting Rents

The prime quoting rent for Newcastle has stayed stable, standing at £9.00 psf.

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